Keystone XL pipeline bill fails to pass US Senate by 1 vote

The U.S. Senate rejected the Keystone XL pipeline, proposed to run from Canada to the Texas Gulf Coast, in a Tuesday evening vote. The motion
needed 60 votes in favour to pass. The bill failed after 59 senators voted in favour and 41 were against. Prior to the vote, 59 senators had
publicly voiced support and the hunt was on for the 60th vote needed to advance the measure

I wonder how much cash has already been spent, whether it can get a second wind in the future, and how pissed off the investors are right now.
-Not that I personally care, I'm British Columbian and we have our own pipeline issues to deal with..

a reply to: canucks555
The Investors will never give up. They will just try again and again and again, whether The People want it or not and eventually the fight will be
lost. Like having an argument with someone who won't stop whining without even making a point.

I would have thought with the drop in oil prices that even keeping the tar sands going might not be feasible .Without a pipe line the rail will have
to upgrade and that will also be costly . The pipe line is the cheapest way to move the stuff but aside from getting it passed they still might have
other things . No easy solutions it seems. There was talk of running a pipe line to the east too . a reply to: canucks555

originally posted by: the2ofusr1
I would have thought with the drop in oil prices that even keeping the tar sands going might not be feasible .Without a pipe line the rail will have
to upgrade and that will also be costly . The pipe line is the cheapest way to move the stuff but aside from getting it passed they still might have
other things . No easy solutions it seems. There was talk of running a pipe line to the east too .

Technology has come a long ways since the last time oil was low enough to bother the oil sands. Current break point is well under $75/barrel, so it
will continue for some time.

As for rail...I'm sure Buffet doesn't mind.

Now, as for the cheapest...well, that would depend on how you define cheapest. If you mean cheapest lifetime, total impact costs...than yes, pipe is
cheapest. If you mean cheapest upfront cost, than no, pipe is not the cheapest. Granted, the alternatives have magnitudes larger lifetime, total
impact costs, but meh...rail won the propaganda war, so rail it is.

Look at the map in the OP. There is already a pipeline going to the midwest where refineries are at. That is partially why we have lower gas prices.
They want a pipeline that will bypass those refineries which means or fuel prices go up.

No permanent jobs to be had from this or any pipeline, the oil from this or any pipeline across the US is not for US consumption anyway, it's only
for refinement to be sold elsewhere. The companies wanting the pipelines built have only proven irresponsible and pass the clean up costs to the local
tax payers and they don't maintain the pipelines at all. Last and certainly not least, the Tribal Nations that all these pipelines want to pass
through have said no, every single one of them.

Few permanent jobs, true. But a shiatload of long term temporary jobs for those of us in petro-chem construction. Not all on the pipeline itself, of
course, but also on the refineries and chemical plants that are expanding like mad right now. How much of this new construction and expansion are
driven by the XL I don't know but there is more work in the plants right now than I have seen in my 23 year career. A significant amount of our
weekly pay goes towards the hotels, RV parks, groceries, and bars in the area's in which we work so don't discount the local economic impact of
projects like the XL. If it has to go through, it will.

a reply to: buster2010 Yep. That's why we just did a 4 year expansion at the Motiva plant in Port Arthur. Mostly financed by
the Saudis

Houston, Texas, August 3, 2006 - Bechtel Corporation and Jacobs Engineering Group Inc. (NYSE:JEC) announced today that they were awarded a contract by
Motiva Enterprises LLC (jointly owned by Saudi Refining, Inc. and Shell Oil Company) to provide engineering, procurement, and construction services
for a proposed 325,000 barrel per day (BPD) refinery expansion at its Port Arthur, Texas, facility

The oil is going to China, the pipeline is a Chinese contract worth close to 60 billion, their booming economy is in need of oil, any way they can
get it. The pacific coast of Canadians said no way, that was the original plan, but environmentalists, and a few oil companies also said no way, there
was a lot of backlash putting it through the pacific coast, so they needed an alternative route and this was the deal that was made.

Whether it ever goes through is anybodys guess.
Big money for the US and Canada, energy for China.

And they will have the ability to counter Obama's veto. If 14 Demos currently voted for it. Than enough people can veto the president. Obama mine
as well sign it to law so he doesn't look like an obstructionist.

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